Russell Investments Group Ltd. grew its position in Morgan Stanley (NYSE:MS) by 15.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,052,595 shares of the financial services provider’s stock after purchasing an additional 272,976 shares during the period. Russell Investments Group Ltd. owned approximately 0.12% of Morgan Stanley worth $97,910,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. HM Payson & Co. grew its holdings in Morgan Stanley by 14.5% during the first quarter. HM Payson & Co. now owns 7,479 shares of the financial services provider’s stock worth $403,000 after acquiring an additional 947 shares during the period. D.A. Davidson & CO. grew its holdings in Morgan Stanley by 8.1% during the first quarter. D.A. Davidson & CO. now owns 13,182 shares of the financial services provider’s stock worth $711,000 after acquiring an additional 983 shares during the period. K.J. Harrison & Partners Inc grew its holdings in Morgan Stanley by 18.2% during the first quarter. K.J. Harrison & Partners Inc now owns 6,500 shares of the financial services provider’s stock worth $351,000 after acquiring an additional 1,000 shares during the period. Hennessy Advisors Inc. grew its holdings in Morgan Stanley by 2.3% during the second quarter. Hennessy Advisors Inc. now owns 45,000 shares of the financial services provider’s stock worth $2,133,000 after acquiring an additional 1,000 shares during the period. Finally, KCS Wealth Advisory grew its holdings in Morgan Stanley by 6.5% during the first quarter. KCS Wealth Advisory now owns 16,478 shares of the financial services provider’s stock worth $889,000 after acquiring an additional 1,010 shares during the period. 85.87% of the stock is currently owned by institutional investors and hedge funds.

MS has been the topic of several analyst reports. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Tuesday, April 24th. ValuEngine lowered Morgan Stanley from a “buy” rating to a “hold” rating in a report on Tuesday, April 24th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $60.00 price objective on shares of Morgan Stanley in a report on Tuesday, June 12th. Cfra reissued a “buy” rating and issued a $65.00 price objective on shares of Morgan Stanley in a report on Thursday, June 21st. Finally, Sandler O’Neill reissued a “hold” rating and issued a $51.00 price objective on shares of Morgan Stanley in a report on Friday, July 13th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $57.05.

Shares of MS opened at $48.37 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 2.67. Morgan Stanley has a 12 month low of $43.84 and a 12 month high of $59.38. The company has a market capitalization of $84.43 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 0.86 and a beta of 1.46.

Morgan Stanley (NYSE:MS) last released its earnings results on Wednesday, July 18th. The financial services provider reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.19. The business had revenue of $10.61 billion for the quarter, compared to the consensus estimate of $10.05 billion. Morgan Stanley had a return on equity of 12.04% and a net margin of 15.84%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.87 earnings per share. research analysts anticipate that Morgan Stanley will post 4.86 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 15th. Stockholders of record on Tuesday, July 31st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend was Monday, July 30th. This is an increase from Morgan Stanley’s previous quarterly dividend of $0.25. Morgan Stanley’s dividend payout ratio (DPR) is 33.33%.

Morgan Stanley declared that its board has authorized a stock repurchase plan on Thursday, June 28th that permits the company to repurchase $4.70 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 5.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

About Morgan Stanley

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. The company operates through three segments: Institutional Securities, Wealth Management, and Investment Management.

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Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

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